Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian stocks surged on Wednesday, buoyed by Wall Street gains after U.S. President Donald Trump suggested potential reductions in trade tariffs against China. His remarks sparked investor optimism, despite lingering uncertainty over China’s stance.
Japan’s Nikkei 225 and Hong Kong’s Hang Seng led regional gains, each climbing between 1.7% and 2%, while the TOPIX and South Korea’s KOSPI rose 1.8% and 1.4% respectively. The tech sector saw the strongest rebound, benefiting from bargain hunting after recent losses. Australia’s ASX 200 jumped 1.6% on strength in mining and financials, and Singapore’s Straits Times index added 0.7%. U.S. futures also gained, with S&P 500 Futures up 1.4% in Asian trade.
Trump’s remarks about eventually lowering tariffs from the current 145% level—echoed by Treasury Secretary Scott Bessent, who called the trade war “unsustainable”—fueled hopes of a policy shift. This boosted risk appetite across global markets, especially in Asia.
However, mainland Chinese stocks underperformed. The Shanghai Composite and CSI 300 remained flat to slightly lower, reflecting investor caution. Trump noted any deal with Beijing would depend on China returning to the negotiating table, yet Beijing has shown little indication of conceding, maintaining retaliatory tariffs of up to 125% on U.S. goods.
Concerns over China’s economic outlook persist. Bank of America downgraded its 2025 GDP forecast for China to 4%, well below the government's 5% target. Multiple brokerages have issued similar downgrades, citing risks from prolonged trade tensions. Still, analysts expect Beijing to ramp up domestic stimulus efforts to cushion the economy.
Despite mixed signals, Wednesday’s rally highlighted market sensitivity to U.S.-China trade dynamics, with hopes that easing tensions could stabilize Asian equities.
